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229 Long Canyon LN
About This Property
Thoughtfully designed for both privacy and togetherness, the spacious floor plan includes a dedicated office, allowing for a true work-from-home setup without sacrificing a bedroom. The primary suite is conveniently located on the main floor, while an additional upstairs bedroom with its own ensuite bath provides excellent flexibility for guests, multigenerational living, or extended stays. A large upstairs loft and entertainment area offers even more room to spread out and is ideal for movie nights, game days, or a second living space.
The home also features generous storage throughout, making organization easy, along with a perfectly sized backyard that offers low-maintenance outdoor living without compromising usable space. The guest accommodations are especially well suited for hosting family and friends from out of town.
Situated on a quieter street within the neighborhood, the location offers added privacy while still being just moments from one of the community's parks and pools. Residents of Morningstar enjoy access to outstanding amenities, scenic surroundings, and a vibrant community atmosphere, all while being conveniently close to shopping, dining, and everything Georgetown has to offer.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Price Decreased |
$480,000
↓ $5K
(1%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by Redfin Corporation | $485,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017